Dynamique de l'accumulation de capital en présence de contraintes de débouchés

Philippe Michel

Annals of Economics and Statistics, 1986, issue 2, 117-145

Abstract: There are different formulations of capital inertia based on costs of adjustment. The differences in the results derive essentially from the returns to scale of the revenu fonction relating production and costs. Based on an example, we study two questions bearing on the role of the anticipated constraints: the lag between the application of a constraint and the diminution of investments, and the influence of fluctuations in demand on investment decisions.

Date: 1986
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